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by Ashraf Laidi
Posted: Dec 11, 2009 0:10
Comments: 198
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This thread was started in response to the Hot-Chart:

Euro's Third Down Leg

 
 
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Steven Blyth
London, UK
Posts: 148
15 years ago
Dec 11, 2009 16:51
Calm down goddess.
goddess
Beijing, China
Posts: 7
15 years ago
Dec 11, 2009 14:40
You are prophet. Your words are so accurate.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 11, 2009 10:24
Shaer, I am NOT sure that EURUSD will go to 1.43 i am saying there is a RISK that it could drop towards that level. The break below $1.48 has been crucial and the more sessions we spend below it, the more likely we could go to $1.46 and $1.43 if the Dubai story remerges (more will be known in next 4 weeks)

Ashraf
Xaron
Munich, Germany
Posts: 528
15 years ago
Dec 11, 2009 9:11
Uh oh... that's sad to hear. But let me explain that even Ashraf can't know where the price will go.

Personally I think we will move up at least to 1.48 and might test 1.4625 as well but I'm not that sure. If that stupid Greece default stuff fear is away we will see higher levels again. But that's only me. I can't see that we will go down to 1.42 levels, I simply see no reason for that (beside funny technical stuff).
EL Shaer
Egypt
Posted Anonymously
15 years ago
Dec 11, 2009 9:03
Dear Sir \ Are you sure of this analysis for the euro \ dollars. And fall to 1.4280. I purchased the euro on Friday at 1.4950 and fell to the lowest price of 1.4668 on Tuesday. But he coherent at the point of 1.7420. Sidi if you are sure of the fall of the euro and please I beg of you to advise me and give me advice. Where stopped my loss and enter the vendor of the euro. I am close to bankruptcy. Please
Xaron
Munich, Germany
Posts: 528
15 years ago
Dec 11, 2009 7:31
I think that's a highly improbable scenario.
nzvik
New Zealand
Posted Anonymously
15 years ago
Dec 11, 2009 5:12
that is a highly probable scenario - but it looks too easy to play ! I suspect it may be time for the relation between strong equities and weak dollar to de-couple to some extent - where in dollar strengthens but equities do not weaken much or even hold at current levels or strengthen.
Jthatche
Georgia, United States
Posts: 1
15 years ago
Dec 11, 2009 4:18
I am curious as to anybody's opinion on the fate of US equities given a significant downturn in EUR/USD. It seems to me that investors will rush to cover their shorts on the USD and thereby drive down US equities as the carry trade unwinds. Any thoughts?
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